Euro recovery stalls right below 1.5000

Euro recovery from 1.4825 low on Friday extended during Asian session and has stalled after hitting 1.4995 on early European session, and remains trading in a range between 1.4960 and 1.4995. Despite recent pick up, the Euro is biased to the downside while below 1.5050, according to Ian Coleman, technical analyst at Turtle Futures.